Active

1607 Ellis Street

Kelowna British Columbia, V1Y2A8

C$2,299,000


C$586.42 per sqft

Active

0.09 Acres

Land

Built in 1939

 Courtesy of Oakwyn Realty Okanagan-Letnick Estates 

Welcome to an exceptional opportunity in the bustling downtown district of Kelowna! This meticulously maintained building boasts a total of 4,320 square feet of leasable space, situated on a generous 4,040 square foot lot with an impressive 141 feet of prime street frontage. Featuring a diverse mix of five tenancies, this property offers a versatile layout suitable for various business endeavors. The ground floor encompasses 3,490 square feet of leasable space, while an additional 830 square feet are available on the upper level. This property has undergone recent upgrades. Notable improvements include the replacement of all three natural gas furnaces in 2022, installation of a new heat pump in November 2023, and replacement of Four AC units in 2022. Enjoy the convenience of triple net leases, covering all building expenses and ensuring a hassle-free owner experience. Among the esteemed occupants are renowned establishments located at 507, 511, 513A, 513B Lawrence Ave, and 1607 Ellis Street, with a recent restaurant renovation in 2024 further enhancing the property's appeal. Strategically positioned on a corner lot and zoned UC1 in the urban core, this property offers excellent visibility and accessibility within Kelowna's downtown high-rise center. Whether you're an investor seeking a lucrative income stream or an entrepreneur looking to establish a thriving business, this commercial gem presents opportunity to capitalize on the vibrant Kelowna market. (id:41202)

10325041

MLS ID

October 16, 2024

Updated

Map

1607 Ellis Street
Kelowna British Columbia, V1Y2A8

Exterior/Building Features

Lot Size

0.09 Acres


Lot Features

Level


Roof

Unknown


Sewer

Municipal sewage system

Other Property Details

Association Amenities

Public Transit, Schools, Shopping


Garage

No


View

No


Pool

No


Zoning

Unknown

Listing History

Date

Event

Price

10/15/2024

Price change

$2,299,000

-5%

Courtesy of Oakwyn Realty Okanagan-Letnick Estates

The trademarks MLS®, REALTOR®, and the associated logos are owned or controlled by The Canadian Real Estate Association. Used under license. This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association

©2024 Canadian Real Estate Association.  All rights reserved.

 

Powered byLuxury Presence